New investment projects in Slovakia to create nearly 3000 new jobs

Eleven investment projects involving the Slovak Investment and Trade Development Agency (SARIO) and the Slovak Economy Ministry worth a total of 170 million euros (186 million U.S. dollars) will create 2,800 jobs in regions with high unemployment rates, local news agency TASR reported Friday.

"The rise in investments confirms that investors are interested in Slovakia, that it's a country offering a stable business environment. On the other hand, there's still a challenge to continue improving conditions for investors in order to see even higher growth in investments in the future," announced Slovak Economy Minister Vazil Hudak, adding that apart from new investments, there's also scope for motivating existing ones to expand their production

According to SARIO chief Robert Simoncic, established investors view Slovakia as a stable country and a reliable partner sharing "the right priorities that bring results."

Of the 11 projects, only seven concern new operations, while the remaining four relate to the expansion of existing ones.

"We're successful in placing these projects in regions with high unemployment rates," said Simoncic.

The fresh investments will be directed at the production of components for the car industry, engineering, the production of medical equipment, IT centers and shared service centers.